Unit Holders of UBL Income Opportunity Fund (UIOF) are hereby notified that the “Management Fee” of the Fund has been reduced and the company share on gross earning of the Fund is now charged at 10% of the gross returns subject to a minimum of 0.25 % of net assets from earlier flat charge of 1.5% on net assets of the scheme as approved in the 7th Supplementary Offering Document of the Fund, with the consent of SECP.
The revision of Management Fee charge is effective from Monday, March 05, 2018
Also the Investment Policy & Investment Restriction of the Fund has been changed and it will be effective from Monday, June 04, 2018
The relevant Supplementary Offering Document reflecting above changes is available on the company website www.ublfunds.com. For details, please contact:
UBL Fund Managers Limited – Operations Office
4th floor, STSM Building, Beaumont Road, Civil Lines, Karachi
You may also call us at our Call Centre at 0800-00026